Presented below is the ledger for Sparks Co. Instructions (a) Reproduce the journal entries for the transactions
Question:
Presented below is the ledger for Sparks Co.
Instructions
(a) Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20, and provide explanations for each.
(b) Determine the October 31 balance for each of the accounts above, and prepare a trial balance at October 31,2014.
Transcribed Image Text:
Cash No. 101 Common Stock 101 10/10 10/10 10/20 0/25 No. 311 5,000 2,000 No. 332 5,000 10/4 10/1 10/25 650 10/12 3,000 10/15 500 10/30 2,00010/31 1,500 280 Dividends 500 0/30 300 Accounts Receivable No. 112 Service Revene No. 400 800 650 940 10/6 10/20 800 10/20 500 10/6 10/10 10/20 940 Supplies 400 Equipment No. 126 Salaries and Wages Expense 10/4 No. 726 No. 157 10/31 500 10/3 2,000 Rent Expense No. 729 Notes Payable No. 200 280 10/10 3,000 10/15 Accounts Payal le No. 201 10/12 1,500 10/3 2,000
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Related Book For
Financial and managerial accounting
ISBN: 978-1118016114
1st edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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